Chile, one of 20 most attractive economies for doing business in the Latin America region is hoping for more investments to flow into the country.

Christian Rehren, the Chilean ambassador to Malaysia said Malaysian investments were miniscule, with huge potential for further growth, attributing to the close ties between the two nations.

Speaking at a media briefing, Christian said Malaysian direct investments in Chile amounted to only US$23 million for the past 30 years.

“Among the Malaysian companies that are investing in the country, one of them is P1 (Packet One), which won a multi-million dollar contract to supply wireless Internet to rural areas across Chile and DXN, which focuses on instant beverages and coffee,” he said.

Christian said potential sectors that provide vast opportunities for Malaysian investors include construction, information and technology and mining.

He said the country will be opening tenders for the expansion of the International Airport in Santiago, and cites that as an example for Malaysian players to tap into.

In 2012, the foreign direct investment in Chile amounted to US$28.152 billion, an increase of 62.7 per cent from US$17.299 billion the previous year.

Chile is 4,300km long and borders Peru in the north to the Strait of Magellan in the south. It is a country rich with mineral and marine resources in the north and has agricultural and industrial hubs in the central region, with rich fisheries and forest resources in the south.